Navigating Finances After Residency

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This chapter explores the financial challenges new physicians face, particularly in managing student loans and car ownership. It features a success story of paying off $311,000 in student debt in just 11 months, highlighting the importance of financial planning, living within means, and the benefits of independent financial management.

This emergency doc paid off $311,000 in less than one year! He worked like crazy and picked up shifts every chance he could get. He and his family lived like residents and poured everything they could into the loans. He credits his wife and all she sacrificed to making this huge accomplishment possible. They are now excited to have him significantly cut back on shifts and to buy a much needed car. For Finance 101 find out what the best paying hobby you can have is.

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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